ISLAMABAD: Minister for Finance, Revenue and Economic Affairs Asad Umar has constituted a committee headed by State Minister for Revenue Hammad Azhar to come up with a “massive and comprehensive” tax reform program before the close of the financial year.
The decision was taken at a meeting with Finance Minister for Finance, Revenue and Economic Affairs Asad Umar in the chair here at the FBR House, said a statement issued here.
The meeting also decided to translate all tax statutes in Urdu on a priority basis.
The Committee which includes “best minds of the country” will watch over the reforms agenda aiming at short and medium as well as long-term strategies for optimal revenue generation and resource mobilization.
State Minister for Revenue Hammad Azhar, Sakib Sherani, Member Sub Group of Economic Advisory Committee on Fiscal Policy; Dr. Naveed Hamid, Member Sub Group of Economic Advisory Committee on Fiscal Policy; Dr. Asad Zaman, Member Sub Group of Economic Advisory Committee on Fiscal Policy; Ashfaq Tola, Member of Tax Reforms Commission; Abdul Qadir Memon, President of Pakistan Tax Bar Association; and Shabar Zaidi were also present.
It was decided that the Committee would meet once every fortnight to devise strategies for revenue collection and come up with short and medium-term measures and goals to be implemented before the close of the financial year.
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